China may raise fuel-efficiency requirements used for
determining if small cars are eligible for a 3,000-yuan ($466)
subsidy, the Economic Information Daily reported, citing
unidentified people. The change will affect about half of the
427 car models that currently benefit from the subsidy and
vehicle sales may decline this year it it’s implemented, the
Beijing-based newspaper said.

CSR Corp. (601766 CH), the nation’s largest train maker,
declined for a fourth day, losing 0.9 percent to 5.44 yuan, the
lowest since Sept. 27. CSR postponed a shareholders’ meeting to
vote on a share-sale plan to Sept. 29, from Aug. 5, according to
a statement to the Hong Kong Stock Exchange. The company said in
June it plans to sell 11 billion yuan of new shares to its
government-owned parent and the country’s social security fund.

Xining Special Steel Co. (600117 CH) advanced 2.2 percent
to 11.05 yuan. The Chinese steelmaker’s net income tripled to
232 million yuan in the first half, from 77.2 million yuan a
year earlier, according to a statement to the Shanghai Stock
Exchange.